47% of people will visit restaurants ‘as soon as they reopen:’ Piper Sandler

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

States across the U.S. are beginning to reopen parts of their economies, and a surprising number of consumers are willing to visit restaurants as soon as they reopen, according to a new survey by Piper Sandler.

The firm released part two of its COVID-19 consumer survey and found that approximately 47% of respondents are likely to go to restaurants as soon as they reopen. However, that figure is down from 60% of respondents in Piper’s April survey.

Piper’s models are synced to a July opening and the online survey was conducted May 11 and 12 and gathered responses from roughly 420 respondents. The average age of survey participants was 44 with an average household income of $78,000. About 90% of respondents were abiding by shelter-in-place orders.

When participants were asked “How likely are you to go to a restaurant to eat within the next 2 weeks? (1 = very unlikely, 10 = very likely),” the average responses yielded a 4.1 out of 10, up from 3.8 in April.

Even as nearly half of survey respondents indicated that they were likely to visit restaurants as soon as they reopened, 63% said that they will be more sensitive to eating in a crowded restaurant, which is up from 62% in April’s survey.

Men are pictured at a Waffle House, one of few corporate restaurant chain reopened for in-house dining after a shutdown to prevent the spread of the coronavirus disease (COVID-19) in Madison, Georgia, U.S., April 27, 2020. REUTERS/Maranie Staab
Men are pictured at a Waffle House, one of few corporate restaurant chain reopened for in-house dining after a shutdown to prevent the spread of the coronavirus disease (COVID-19) in Madison, Georgia, U.S., April 27, 2020. REUTERS/Maranie Staab

According to the NPD group, U.S. restaurant chain transactions continued to improve for the fourth consecutive week in the week ending May 10 as more states reopened. The market research firm reported that total restaurant customer transactions were down 23% compared to a 26% decline the prior week.

Even as most dining rooms in restaurants were forced to close, many of them were able to provide takeout, delivery or drive-through options in the interim. Approximately 50% of Piper’s survey respondents said that they were currently visiting restaurants for drive-through or pickup. Food delivery was happening an average of 2.6 times per week versus 2.4 times prior through both direct and indirect delivery channels.

Pizza, hamburgers, and Mexican food were among the most popular delivery items during COVID-19.

Originally published on finance.yahoo.com

Home of Science
Follow me

- Advertisement -

Discover

Sponsor

Latest

Nadhim Zahawi committed a serious breach of ministerial code, says Sunakon January 29, 2023 at 2:04 pm

The PM sacks his party chairman after ethics adviser criticises how Nadhim Zahawi handled tax affairs.Image source, EPANadhim Zahawi has been sacked as Conservative...

Fed May Ease Lending Curb on Wells Fargo to Help Small Businesses

Small-business owners have so overwhelmed banks with requests for money — just days after the start of an emergency relief program — that Federal...

Superb Nketiah hat-trick sends Arsenal into Carabao Cup semi-finalson December 21, 2021 at 9:37 pm

Eddie Nketiah scores a superb hat-trick as Arsenal see off League One Sunderland to reach the Carabao Cup semi-finals.

Opinion: Small businesses need more than money to get Americans back to work quickly

Millions of small businesses in the U.S. now face a problem as simple as it is insurmountable: lack of money. Shelter-at-home orders, forced closures,...

Manchester Arena attack: Events mark fifth anniversaryon May 22, 2022 at 8:45 am

Survivor Freya Lewis will start the Great Manchester Run as events mark the attack which killed 22 people.Image source, Family handoutsEvents are being held...
Home of Science
Follow me